The AUD/USD pair went back and forth during the course of the session on Monday, essentially doing nothing. This of course has a lot to do with the Rate
The AUD/USD pair went back and forth during the course of the session on Monday, essentially doing nothing. This of course has a lot to do with the Rate Statement coming out of Australia today, which the market seems to be waiting upon. Nonetheless though, the New Zealand dollar looks fairly stagnant during the session as well, so at this point in time perhaps we are simply doing nothing. Nonetheless, we recognize that a move above the 0.7175 level would send this market much higher. That could come after the statement, but at this point in time that’s just conjecture.
AUD/USD Forecast November 3, 2015 Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
